7 minutes ago BOSTON (Reuters) - Shares of General Electric Co fell 8 percent on Wednesday after a stock analyst said the U.S. conglomerate may be set for a drop in profit next year and the cost to insure its debt skyrocketed.The company said its commercial paper funding processes were going on smoothly.
GE last week warned investors that earnings this year could fall as much as 12 percent as volatile global credits markets take a toll on its large finance arm, which has operations ranging from loans to mid-sized businesses to investments in real estate.
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